White Oak State Bank in White Oak, Texas (TX)



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White Oak State Bank
GeneralFDIC Certificate #: 20707
Status: Active
Federal Reserve ID: 558462
Bank Holding Company (Regulatory Top Holder): First White Oak Bancshares, Inc. (RSSDID: 1133419, Location: White Oak, TX)
Date Established: June 05, 1972
WWW: http://www.whiteoakstatebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 14299
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: June 05, 1972
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1101 South White Oak Road, White Oak, TX 75693
County: Gregg
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Dallas
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Longview-Marshall, TX (#4420)
Combined Statistical Area (CSA): Longview-Marshall, TX (#346)
Core Based Statistical Area (CBSA): Longview, TX (#30980)
CBSA Metro Statistical Area: Longview, TX (#30980)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $104.7 mil
Equity capital: $5.4 mil
Deposits held in domestic offices: $92.2 mil
Return on assets (ROA): 0.87% ($0.9 mil)
Quarterly return on assets: 0.53% ($0.6 mil)
Return on Equity (ROE): 14.05% ($0.7 mil)
Quarterly return on equity: 8.79% ($0.4 mil)
Net income: $0.8 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.38% ($1,445.4 mil)
Quarterly Pretax return on assets: 0.92% ($963.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)26
Total assets$104,737
Cash and due from depository institutions$41,981
Interest-bearing balances$37,349
Securities$0
Federal funds sold & reverse repurchase agreements$495
Net loans & leases$60,113
Loan loss allowance $484
Trading account assets$0
Bank premises and fixed assets$1,279
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$869
Life insurance assets$104,737
Total liabilities and capital$99,323
Total liabilities$92,200
Total deposits$39,556
Interest-bearing deposits$92,200
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,879
Other borrowed funds $0
Subordinated debt $244
All other liabilities $5,414
Total equity capital$5,414
Total bank equity capital$5,414
Perpetual preferred stock$0
Common stock$750
Surplus$2,445
Undivided profits $2,219
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $111
Earning assets $0
Long-term assets (5+ years) $298
Average Assets, year-to-date $97,957
Average Assets, quarterly $32,382
Volatile liabilities $87,353
Insider loans $92,866
FHLB advances $54,171
Loans and leases held for sale $84,612
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,414
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,607
Derivatives$1,102
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,128
Total interest expense $666
Net interest income $3,462
Provision for loan and lease losses $0
Total noninterest income $513
Fiduciary activities $0
Service charges on deposit accounts $338
Trading account gains & fees $0
Additional noninterest income $175
Total noninterest expense $2,772
Salaries and employee benefits $1,394
Premises and equipment expense $640
Additional noninterest expense $738
Pre-tax net operating income $1,203
Securities gains (losses) $0
Applicable income taxes $439
Income before extraordinary items $764
Extraordinary gains - net $0
Net income attributable to bank $764
Net charge-offs $0
Cash dividends $764
Sale, conversion, retirement of capital stock, net $14
Net operating income $554
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.11%
Cost of funding earning assets 0.83%
Net interest margin 4.29%
Noninterest income to earning assets 0.64%
Noninterest expense to earning assets 3.43%
Net operating income to assets 0.87%
Return on assets (ROA) 0.87%
Pretax return on assets 1.38%
Return on equity (ROE) 14.05%
Retained earnings to average equity (YTD only) 3.86%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio85.93%
Assets per employee$69,736
Cash dividends to net income (YTD only)4.03%
Condition Ratios (%)
Loss allowance to loans 72.51%
Loss allowance to noncurrent loans 0.80%
Noncurrent assets plus other real estate owned to assets 436.04%
Noncurrent loans to loans 0.11%
Net loans and leases to deposits0.18%
Net loans and leases to core deposits 65.20%
Equity capital to assets 71.28%
Core capital (leverage) ratio 5.17%
Tier 1 risk-based capital ratio 6.40%
Total risk-based capital ratio 9.99%
Memoranda
Average assets$11
Average earning assets$87,353
Average equity $5,439
Average loans $80,710
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2 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
014299White Oak State Bank1101 South White Oak Road, White Oak, TX 75693June 05, 1972Full Service Brick and Mortar
1251582Longview Branch800 Gilmer Road, Longview, TX 75604October 02, 1995Full Service Brick and Mortar
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